Showing 1 - 10 of 34
The paper considers a one-to-one matching with contracts model in the presence of price controls. This set-up contains two important streams in the matching literature, those with and those without monetary transfers, as special cases and allows for intermediate cases with some restrictions on...
Persistent link: https://www.econbiz.de/10013021278
solution, we induce players' preferences over coalitions in a hedonic game, and present conditions under which the semistrict … core of the game is nonempty …
Persistent link: https://www.econbiz.de/10014058110
the existence problems of stable coalition tructures. In particular, we show that contractual strictly core stable …
Persistent link: https://www.econbiz.de/10014059980
sell-side). This simple and intuitive learning process implements core allocations even though agents have no knowledge of …
Persistent link: https://www.econbiz.de/10014157261
either core stability or strict core stability is under consideration, the existence problem of a stable coalition structure …
Persistent link: https://www.econbiz.de/10014211874
We show that the core of each strongly size monotonic hedonic game is not empty and is externally stable. This is in … sharp contrast to other sufficient conditions for core non-emptiness which do not even guarantee the existence of a stable …
Persistent link: https://www.econbiz.de/10014179795
We adopt the notion of von Neumann-Morgenstern farsightedly stable sets to predict which matchings are possibly stable when agents are farsighted in one-to-one matching problems. We provide the characterization of von Neumann-Morgenstern farsightedly stable sets: a set of matchings is a von...
Persistent link: https://www.econbiz.de/10014219020
This paper first establishes a new core theorem using the concept of generated payoffs: the TU (transferable utility …) core is empty if and only if the maximum of generated payoffs (mgp) is greater than the grand coalition's payoff v(N), or … split the payoff, what coalitions to form, and how long each of the coalitions will be formed by rational players in …
Persistent link: https://www.econbiz.de/10014219135
structure core (Kóczy, 2007) is a generalisation of the coalition structure core for such games. We introduce a noncooperative …, sequential coalition formation model and show that the set of equilibrium outcomes coincides with the recursive core. In order to …
Persistent link: https://www.econbiz.de/10013153794
The stagnation of the Italian economy over the last two decades is widely documented. During this period, the world economy has become highly integrated, and foreign outsourcing has become a standard practice for firms. While trade theory predicts benefits from the internationalization of...
Persistent link: https://www.econbiz.de/10013001009